NOT LISTED FOR SALE

5110 N Socrum Loop Rd Lakeland, FL 33809

Gibsonia Neighborhood

Estimated Value: $278,000 - $302,303

3 Beds
2 Baths
1,704 Sq Ft
$170/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $190,000 $112 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,696/month

36 Days on Market

Highlights

  • 95 Feet of Waterfront
  • Lake View
  • No HOA
  • Lincoln Avenue Academy Rated A-
  • Ranch Style House
  • 2 Car Attached Garage

About This Home

As of October 2019

Fixer upper on beautiful Lake Gibson! Close to I-4 interchange, Northside and downtown Lakeland shopping! Owner has building permit and architect plans for renovation to add new Master suite and Florida Room.

Last Agent to Sell the Property

William Wakeman

DIVERSIFIED R E PARTNERS LLC License #163819 Listed on: 08/18/2019

Last Buyer's Agent

William Wakeman

DIVERSIFIED R E PARTNERS LLC License #163819 Listed on: 08/18/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,148

Year Built

  • Built in 1971

Lot Details

  • 0.37 Acre Lot
  • 95 Feet of Waterfront
  • Lake Front
  • East Facing Home
  • Property is zoned R-2

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Fixer Upper
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,704 Sq Ft Home
  • Sliding Doors
  • Family Room
  • Inside Utility
  • Lake Views

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Access To Lake

Schools

  • North Lakeland Elementary School
  • Lake Gibson Middle/Junio School
  • Lake Gibson High School

Utilities

  • Central Air
  • Heating Available
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Eastern Shores Estates Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,148

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1704
  • Lot Size Acres: 0.37
  • New Construction: No
  • Year Built: 1971
  • Lot Size Sq Ft: 15956
  • Directions to Property: I-4 and Socrum Loop Blvd. North on Socrum Loop to 5110 N Socrum Loop Blvd on Lake Gibson
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4910107?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4910107?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.84444
  • Price per Sq Ft: 111.5
  • Close to Original List Price Ratio: 0.84444
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Master Bedroom Main Floor
  • Appliances Included: None
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Street Number Modifier: 5110
  • Room Count: 6
  • Additional Rooms: Family Room, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Exterior Features: Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Water Body Name: Lake Gibson
  • Waterfront: Yes
  • Water View: Lake
  • Water Access: Lake
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12105C0302G
  • Waterfront Frontage: 95
  • Water Frontage Feet Lake: 95

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: North Lakeland Elem
  • High School: Lake Gibson High
  • Middle Or Junior School: Lake Gibson Middle/Junio

Lot Info

  • Zoning: R-2
  • Parcel Number: 24-27-30-000000-032110
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-12-22
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 3148
  • Tax Book Number: P-81
  • Tax Lot: 9

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2019
Closed on
Oct 10, 2019
Sold by
Wakeman William H
Bought by
Foster E W Michael
Seller's Agent
William Wakeman
DIVERSIFIED R E PARTNERS LLC
Buyer's Agent
William Wakeman
DIVERSIFIED R E PARTNERS LLC
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%
Total Days on Market
36
Current Estimated Value
$290,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,152
Avg. Annual Appreciation
8.74%

Purchase Details

Closed on
Mar 17, 2010
Sold by
Wakeman William and Wakeman Kimberly A
Bought by
Wakeman William H

Purchase Details

Closed on
Apr 27, 2006
Sold by
Kneeland Margaret Ann
Bought by
Wakeman William and Wakeman Kimberley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.28%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 14, 1994
Sold by
Burch Doris Nance
Bought by
Nance F E and Nance Rosa
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Foster E W Michael $190,000 Attorney
Wakeman William H -- Attorney
Wakeman William $350,000 Companion Title Services Llc
Nance F E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wakeman William $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $190,000 -15.6% $112 / Sq Ft
09/23/2019 09/23/19 Pending -- -- --
08/18/2019 08/18/19 For Sale $225,000 -- $132 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,868 $102,421 $0 $0
2022 $1,664 $93,110 $0 $0
2021 $1,559 $84,645 $84,645 $0
2020 $2,992 $161,142 $80,370 $80,772
2018 $3,148 $185,321 $76,950 $108,371
2017 $2,685 $140,018 $0 $0
2016 $2,984 $153,201 $0 $0
2015 $2,962 $149,282 $0 $0
2014 $2,831 $151,828 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • William Wakeman

    Seller's Agent in 2019

    William Wakeman

    DIVERSIFIED R E PARTNERS LLC

    (863) 688-8098

    20 Total Sales

    William Wakeman
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: L4910107

Stellar MLS

APN: 24-27-30-000000-032110

Florida Polk County Lakeland 33809 Gibsonia

5110 N Socrum Loop Rd, Lakeland, FL

This home is located at 5110 N Socrum Loop Rd, Lakeland, FL 33809 since 18 August 2019 and is currently estimated at $290,152, approximately $170 per square foot. This property was built in 1971. 5110 N Socrum Loop Rd is a home located in Polk County with nearby schools including North Lakeland Elementary School Of Choice, Lake Gibson Senior High School, and Rochelle School Of The Arts.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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